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Has the Bank of Canada gone too far?
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The Problem With Food Prices
Inflation is coming down, which means consumer goods aren't getting more expensive as quickly. But there are still two major parts of everyone's budget that are going up fast: food and housing. Why haven't the steepest rate hikes in Canadian history done anything about those? Well, in the first six months of 2023 housing prices did go down, but they're now starting to pick up again. We have poured a million people into the system in the last year, and they need a place to go,. That's jacking up the price of rental housing as well as homeownership.
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